FX.co ★ Patterns #GOOG | Alphabet Inc. Stock Price

The Triple Top pattern has formed on the chart of the #GOOG M5. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 159.61/159.97 with the upper limit 160.08/160.32; the projection of the width is 47 points. The formation of the Triple Top figure most likely indicates a change in the trend from upward to downward. This means that in the event of a breakdown of the support level of 159.61, the price is most likely to continue the downward movement.

According to the chart of M5, #GOOG formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 153.80/155.18 and upper border is 156.93/155.18. The pattern width is measured on the chart at -313 pips. The formation of the Bearish Symmetrical Triangle pattern evidently signals a continuation of the downward trend. In other words, if the scenario comes true and #GOOG breaches the lower border, the price could continue its move toward 155.03.

The Bearish pennant pattern has formed on the #GOOG M5 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 155.85 is broken through. Recommendations: Place the sell stop pending order 10 pips below the pattern’s low. Place the take profit order at the projection distance of the flagpole height.

According to the chart of M5, #GOOG formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 157.08/157.71 whereas the upper border goes across 158.37/157.71. If the Bullish Symmetrical Triangle pattern is in progress, this evidently signals a further upward trend. In other words, in case the scenario comes true, the price of #GOOG will breach the upper border to head for 157.86.

According to the chart of M30, #GOOG formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 155.50 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -335 pips.

According to the chart of M30, #GOOG formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 155.50 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -335 pips.

According to the chart of M5, #GOOG formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 157.11 and 155.92 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 119 pips. Outlook: If the upper border 157.11 is broken, the price is likely to continue its move by 156.59.

The Double Top reversal pattern has been formed on #GOOG M5. Characteristics: the upper boundary 157.11; the lower boundary 155.94; the width of the pattern is 110 points. Sell trades are better to be opened below the lower boundary 155.94 with a possible movements towards the 155.79 level.

The Triple Bottom pattern has been formed on #GOOG M5. It has the following characteristics: resistance level 159.17/158.93; support level 158.49/158.51; the width is 68 points. In the event of a breakdown of the resistance level of 159.17, the price is likely to continue an upward movement at least to 158.66.

The Triple Bottom pattern has formed on the chart of #GOOG M5. Features of the pattern: The lower line of the pattern has coordinates 159.17 with the upper limit 159.17/158.93, the projection of the width is 68 points. The formation of the Triple Bottom pattern most likely indicates a change in the trend from downward to upward. This means that in the event of a breakdown of the resistance level 158.49, the price is most likely to continue the upward movement.